Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

Generac Holdings Inc., consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)

US$ in thousands

	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019	Dec 31, 2018	Sep 30, 2018	Jun 30, 2018	Mar 31, 2018	Dec 31, 2017	Sep 30, 2017	Jun 30, 2017	Mar 31, 2017
Short-term borrowings	77,514)	84,995)	72,035)	61,470)	23,760)	26,534)	39,282)	44,800)	52,343)	49,878)	58,714)	66,985)	57,031)	45,241)	45,583)	35,758)	23,995)	31,414)	20,602)	26,226)	22,155)	28,078)
Accounts payable	614,009)	697,486)	674,208)	611,181)	526,375)	387,933)	330,247)	272,745)	230,229)	266,917)	261,977)	241,290)	259,696)	290,871)	328,091)	287,718)	274,234)	228,070)	233,639)	190,207)	163,359)	159,448)
Accrued wages and employee benefits	61,249)	50,443)	72,060)	69,882)	67,494)	46,736)	63,036)	52,915)	36,937)	22,256)	41,361)	37,401)	30,289)	26,659)	40,819)	41,335)	32,820)	29,014)	27,992)	28,266)	23,765)	22,006)
Other accrued liabilities	415,730)	415,955)	331,674)	270,536)	214,387)	245,009)	204,812)	182,377)	164,179)	139,704)	132,629)	127,786)	130,891)	151,005)	144,236)	136,416)	147,628)	122,546)	105,067)	109,362)	93,343)	91,853)
Current portion of long-term borrowings and finance lease obligations	3,674)	4,279)	5,930)	4,945)	4,233)	4,053)	4,147)	3,421)	3,032)	4,261)	2,383)	2,554)	2,456)	2,203)	1,977)	51,886)	1,372)	1,593)	1,572)	104,682)	7,700)	14,515)
Current liabilities	1,172,176)	1,253,158)	1,155,907)	1,018,014)	836,249)	710,265)	641,524)	556,258)	486,720)	483,016)	497,064)	476,016)	480,363)	515,979)	560,706)	553,113)	480,049)	412,637)	388,872)	458,743)	310,322)	315,900)
Long-term borrowings and finance lease obligations, excluding current portion	1,286,499)	1,002,685)	902,091)	843,426)	842,607)	841,516)	841,764)	841,341)	841,116)	839,380)	837,767)	884,315)	883,476)	882,483)	876,396)	859,625)	908,066)	907,459)	906,548)	908,101)	1,007,235)	1,007,898)
Deferred income taxes	151,643)	163,843)	205,964)	175,665)	158,522)	122,196)	115,769)	105,520)	96,539)	93,430)	96,328)	92,520)	85,192)	78,877)	71,300)	68,380)	57,506)	49,140)	43,789)	49,528)	37,575)	27,376)
Operating lease and other long-term liabilities	360,041)	351,724)	341,681)	236,344)	176,365)	160,338)	179,955)	177,515)	184,956)	154,660)	140,432)	145,491)	143,950)	129,071)	95,647)	93,023)	93,364)	83,634)	76,995)	69,556)	66,633)	62,129)
Long-term liabilities	1,798,183)	1,518,252)	1,449,736)	1,255,435)	1,177,494)	1,124,050)	1,137,488)	1,124,376)	1,122,611)	1,087,470)	1,074,527)	1,122,326)	1,112,618)	1,090,431)	1,043,343)	1,021,028)	1,058,936)	1,040,233)	1,027,332)	1,027,185)	1,111,443)	1,097,403)
Total liabilities	2,970,359)	2,771,410)	2,605,643)	2,273,449)	2,013,743)	1,834,315)	1,779,012)	1,680,634)	1,609,331)	1,570,486)	1,571,591)	1,598,342)	1,592,981)	1,606,410)	1,604,049)	1,574,141)	1,538,985)	1,452,870)	1,416,204)	1,485,928)	1,421,765)	1,413,303)
Redeemable noncontrolling interests	82,830)	71,511)	58,050)	44,704)	37,245)	63,254)	66,207)	63,545)	61,019)	59,904)	61,227)	56,564)	59,117)	57,357)	61,004)	59,897)	53,035)	54,404)	43,929)	41,797)	37,796)	33,566)
Common stock, par value $0.01	727)	727)	725)	724)	723)	723)	721)	720)	720)	719)	717)	716)	715)	714)	712)	711)	710)	707)	708)	706)	705)	705)
Additional paid-in capital	967,819)	959,890)	952,939)	563,162)	542,893)	534,303)	525,541)	518,610)	512,318)	504,195)	498,866)	492,671)	485,703)	481,391)	476,116)	473,886)	468,598)	464,060)	459,816)	456,156)	454,763)	452,129)
Treasury stock, at cost	(475,294)	(471,833)	(448,976)	(358,634)	(358,481)	(358,362)	(332,164)	(331,513)	(331,415)	(331,386)	(324,551)	(324,351)	(324,149)	(324,115)	(321,473)	(321,397)	(321,052)	(321,025)	(294,005)	(293,969)	(293,684)	(263,636)
Excess purchase price over predecessor basis	(202,116)	(202,116)	(202,116)	(202,116)	(202,116)	(202,116)	(202,116)	(202,116)	(202,116)	(202,116)	(202,116)	(202,116)	(202,116)	(202,116)	(202,116)	(202,116)	(202,116)	(202,116)	(202,116)	(202,116)	(202,116)	(202,116)
Retained earnings	2,210,582)	2,067,868)	1,965,957)	1,834,477)	1,710,464)	1,581,681)	1,432,565)	1,306,530)	1,190,749)	1,126,174)	1,084,383)	1,013,707)	939,618)	878,416)	831,123)	756,636)	687,772)	636,814)	616,347)	535,172)	495,463)	469,508)
Accumulated other comprehensive loss	(82,839)	(46,402)	(54,755)	(55,541)	(37,583)	(31,499)	(34,254)	(62,039)	(72,526)	(73,944)	(24,917)	(46,363)	(33,831)	(29,870)	(23,813)	(9,557)	(16,900)	(8,372)	(21,198)	(22,802)	(27,209)	(36,123)
Stockholders’ equity attributable to Generac Holdings Inc.	2,418,879)	2,308,134)	2,213,774)	1,782,072)	1,655,900)	1,524,730)	1,390,293)	1,230,192)	1,097,730)	1,023,642)	1,032,382)	934,264)	865,940)	804,420)	760,549)	698,163)	617,012)	570,068)	559,552)	473,147)	427,922)	420,467)
Noncontrolling interests	883)	478)	313)	205)	38)	(161)	(89)	(296)	(455)	45)	469)	4,951)	5,071)	5,535)	712)	472)	243)	126)	279)	102)	47)	(71)
Total stockholders’ equity	2,419,762)	2,308,612)	2,214,087)	1,782,277)	1,655,938)	1,524,569)	1,390,204)	1,229,896)	1,097,275)	1,023,687)	1,032,851)	939,215)	871,011)	809,955)	761,261)	698,635)	617,255)	570,194)	559,831)	473,249)	427,969)	420,396)
Total liabilities and stockholders’ equity	5,472,951)	5,151,533)	4,877,780)	4,100,430)	3,706,926)	3,422,138)	3,235,423)	2,974,075)	2,767,625)	2,654,077)	2,665,669)	2,594,121)	2,523,109)	2,473,722)	2,426,314)	2,332,673)	2,209,275)	2,077,468)	2,019,964)	2,000,974)	1,887,530)	1,867,265)

The quarterly financial data reveals several notable trends and shifts across liabilities and equity components over the observed periods.

Short-term borrowings: Short-term borrowings fluctuated with a general upward trajectory toward the later periods. Initial values near $20,000 to $30,000 thousand increased markedly from early 2021 onward, reaching peaks exceeding $84,000 thousand by mid-2022. This indicates increasing reliance on short-term debt in recent quarters.
Accounts payable: Accounts payable showed a consistent growth trend over the years, rising from approximately $159,000 thousand in early 2017 to over $697,000 thousand by mid-2022. This steady increase suggests expanding operational scale or extended payment terms with suppliers.
Accrued wages and employee benefits: This item exhibited some volatility but generally trended upward, starting at around $22,000 thousand in 2017 and increasing to about $61,000 thousand by mid-2022. Spikes were noted in late 2020 and late 2021, reflecting possible changes in workforce costs or accrual timing.
Other accrued liabilities: Other accrued liabilities rose meaningfully from approximately $92,000 thousand in early 2017 to over $415,000 thousand by mid-2022, with accelerated growth particularly visible after 2020. This may indicate increasing miscellaneous accruals or contingency provisions.
Current portion of long-term borrowings and finance lease obligations: Values here were generally low relative to other liabilities, with occasional spikes, notably in September 2017 and September 2018. These short-term portions remained modest and relatively stable through to mid-2022.
Current liabilities: Current liabilities increased overall from about $316,000 thousand in early 2017 to a peak of over $1,253,000 thousand in early 2022, followed by a slight decline in mid-2022 to approximately $1,172,000 thousand. This growth reflects expansions in multiple current liability components.
Long-term borrowings and finance lease obligations, excluding current portion: Long-term borrowings remained relatively stable around $900,000 thousand through 2017 to 2020 but showed a marked increase starting late 2021, reaching approximately $1,286,000 thousand by mid-2022, indicating increased long-term debt.
Deferred income taxes: Deferred income taxes steadily increased from about $27,000 thousand in early 2017 to a peak near $206,000 thousand in early 2022, followed by a reduction to approximately $152,000 thousand in mid-2022. The overall upward trend may reflect growing temporary differences or tax timing.
Operating lease and other long-term liabilities: This category showed continuous growth from roughly $62,000 thousand in 2017 to about $360,000 thousand by mid-2022, with particularly rapid increases after 2020, possibly due to adoption of new lease accounting standards or increased lease obligations.
Long-term liabilities: Long-term liabilities gradually increased from approximately $1,097,000 thousand in 2017 to around $1,798,000 thousand by mid-2022, with notable acceleration in recent years, reflecting the aggregate increase in long-term borrowings, deferred taxes, and lease liabilities.
Total liabilities: Total liabilities climbed steadily from about $1,413,000 thousand in early 2017 to nearly $2,970,000 thousand by mid-2022, with vacillations tied mainly to current and long-term liabilities, highlighting overall expansion in obligations.
Redeemable noncontrolling interests: Noncontrolling interests fluctuated moderately, mostly within the range of $33,000 to $83,000 thousand, showing a gradual increase over the period but with variability suggesting changing participation of minority shareholders.
Common stock, par value: Common stock par value remained stable around $705 to $727 thousand, indicating minimal share issuance or repurchase at the par value level.
Additional paid-in capital: There was a substantial and accelerating increase in additional paid-in capital over time, from about $452,000 thousand in 2017 to nearly $968,000 thousand by mid-2022. A pronounced surge occurs after early 2021, suggesting significant equity financing or issuance events.
Treasury stock, at cost: Treasury stock values increased in negative magnitude consistently, moving from approximately -$264,000 thousand in 2017 to around -$475,000 thousand by mid-2022, with a sharp increase in repurchases starting in 2021, reflecting an expanded stock buyback activity.
Excess purchase price over predecessor basis: This intangible asset component remained constant at -$202,116 thousand throughout the periods, indicating no impairments or adjustments.
Retained earnings: Retained earnings showed strong and continuous growth, increasing steadily from $469,000 thousand in 2017 to over $2,210,000 thousand by mid-2022, indicating sustained profitability and accumulation of earnings over time.
Accumulated other comprehensive loss: This item displayed considerable volatility with large negative values fluctuating between approximately -$8,000 thousand and -$83,000 thousand. The losses deepened notably in certain quarters, reflecting unrealized losses or adjustments in comprehensive income components.
Stockholders’ equity attributable to Generac Holdings Inc.: Equity attributable to the company rose significantly from around $420,000 thousand in 2017 to nearly $2,419,000 thousand by mid-2022, indicating growth in net assets, largely driven by increases in retained earnings and additional paid-in capital despite rising treasury stock.
Noncontrolling interests: Minority interests remained relatively small in magnitude and fluctuated slightly positive and negative, showing minor changes in ownership interests outside of the parent company.
Total stockholders’ equity: Total equity followed the same upward trend as attributable equity, consistent with overall growth in net assets and shareholder wealth.
Total liabilities and stockholders’ equity: The total of liabilities and equity increased markedly from about $1,867,000 thousand in early 2017 to approximately $5,473,000 thousand by mid-2022, indicating substantial growth in company scale and capital structure.

Overall, the financial data indicates that the company has experienced expansive growth in both liabilities and equity over the analyzed period. Increases in accounts payable, accrued liabilities, and borrowing suggest growing operational activities and investment financing. Concurrently, steady growth in retained earnings and equity capital reflects sustained profitability and investor confidence. The notable rise in treasury stock in recent years points to active share repurchase strategies. The trends suggest a dynamic financial position with increased leverage balanced by robust equity growth.

AI Ask an analyst for more

Download chart

Generac Holdings Inc. (NYSE:GNRC)

Balance Sheet: Liabilities and Stockholders’ Equity Quarterly Data

Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data